Boyan George 4

What Happened

Boyan George, President and director of Unity Bancorp (UNTY), had a total of 2,080 restricted shares withheld to cover tax liabilities related to RSU vestings. On 2026-03-15, 995 shares were withheld at $50.01/share (value $49,760). On 2026-03-16, 1,085 shares were withheld at $50.01/share (value $54,261). Combined withholding value: $104,021. These transactions are tax-withholding dispositions tied to restricted stock vesting, not open-market sales.

Key Details

• Transaction dates and price: 2026-03-15 (995 shares @ $50.01) and 2026-03-16 (1,085 shares @ $50.01). Transaction code: F (tax withholding).
• Shares disposed (withheld): 2,080 total; proceeds/value reported as $49,760 and $54,261 respectively (total $104,021).
• Shares owned after transaction: Total beneficial ownership reported as 59,942 shares.
• Notable footnotes:
  • F1: 995 shares withheld to cover tax on a 2,750-share RSU vesting.
  • F2: 1,085 shares withheld to cover tax on a 3,000-share RSU vesting.
  • F3: 26,125 restricted shares held at Computershare (plus 1,685 dividend-reinvested shares) = 27,810 shares with upcoming vesting dates.
  • F4: 32,131 shares (31,131 in Shareworks account + 1,000 in street name).
• Filing/Timeliness: Form 4 filed 2026-03-17 reporting transactions on 3/15 and 3/16 — appears to be filed within the normal SEC reporting window.

Context

These transactions are routine tax-withholding dispositions tied to restricted stock vesting (cashless share withholding) rather than voluntary open-market selling or option exercises. Such withholdings are common and do not necessarily signal a change in the insider’s view of the company.